Yimutian to acquire Xunxi for CNY 50 million

Reuters11:32
Yimutian to acquire Xunxi for CNY 50 million
  • Yimutian agreed to acquire 100% of Ningbo Xunxi Technology, an enterprise e-commerce and digital procurement platform, for RMB 50.0 million.
  • Consideration includes RMB 40.0 million in cash and RMB 10.0 million in stock options for retained management.
  • The deal is under a binding agreement and remains subject to customary closing conditions.
  • Xunxi reported audited revenue of RMB 340.0 million and net profit of RMB 5.8 million.
  • An earnout through 2028 ties payouts to audited net profit, with 2026 thresholds starting at RMB 15.0 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yimutian Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603232331PRIMZONEFULLFEED9677363) on March 24, 2026, and is solely responsible for the information contained therein.

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